Bulgaria has grown to be a remarkably interesting choice for opening in recent years.  The economy in Bulgaria continues to expand at a rapid pace and is presenting UK entrepreneurs with a viable option for them to continue to trade in Europe post Brexit, avoiding red tape and duty costs. 

There are many benefits of operating a Bulgarian Company. For UK entrepreneurs particularly at present, post Brexit, a Bulgarian company represents an ease of red tape legislation which is hampering trade with suppliers and clients in the EU as well as increasing cost to the business. Bulgaria also has multiple Double Tax agreements meaning that withholding tax is not charged in these locations. This is particularly beneficial for those trading with US clients who may be paying up to 30% Withholding Tax on their invoices.  Bulgaria offers the lowest corporate tax rate in Europe too, at just 10%.

Shareholders of the company are personally protected in the same way as here in the UK. Share capital minimum investment is 2 BGN (approximately €1), this means that the shareholders are limited in their liability for the company’s debts to this amount. 

Advantages of using a Bulgarian Company to trade in the EU

·       Lowest Corporate Tax Rate in Europe

·       60 Double Tax Agreements (including the USA)

·       All Trade and Economic benefits of trading in Europe

·       Multilingual culture making outsourcing simple

·       10 % Corporate Tax on nett corporate profits

·       5% Dividend Tax

·       20%. VAT

·       0% Import/Export Duty to and from EU Countries

·       Double Tax Agreements with over 60 Countries including the USA

 

Incorporation Costs

Option 1

Client is Director and Shareholder of the company

Company Formation £1550 + VAT.

This includes:

•  Company Incorporation

•  Registered Office Address for 1 year

•  Printed Hard Copy Documents

Excluded

•  Notary & Apostille fees for the signing of Company Documents by the Director (Mandatory)

Option 2

Client uses our Nominee Director and Nominee Shareholder

Company Formation £2950 + VAT.

This includes:

•  Company Incorporation

•  Registered Office Address for 1 year

•  Printed Hard Copy Documents

•  Nominee Director Services for 1 year

•  Nominee Shareholder Services for 1 year

•  Notary & Apostille fees for the signing of Company Documents by the Director (Mandatory)

At Think Formations we can assist you with any queries you have in relation to business, the most appropriate jurisdiction for your company, using virtual office services and corporate payment functions.